Study shows Amgen’s Blincyto a better alternative than chemotherapy
Latest newsAmgen’s new leukemia drug Blincyto increases the length of survival among high-risk patients, according to a study released by the New England Journal of Medicine. Results from its Phase 3 Tower study revealed that Blincyto almost doubled median overall survival versus chemotherapy among adult patients with Philadelphia chromosome-negative relapsed or refractory B-cell precursor acute lymphoblastic Read More →
Inogen reports huge increase in net income
Earnings, Health Care & Life Science, Latest news, Technology, Tri-County Public CompaniesInogen, a maker of portable oxygen concentrators based in Goleta, announced a 77 percent increase in net income Feb. 28 on fourth quarter revenues of $50.9 million. Sales revenues grew 47.2 percent over the same quarter in 2015, to $42.6 million. Net income for the quarter was $5.3 million, bringing the company up to $20.5 Read More →
AppFolio revenues grow, losses shrink
Earnings, Latest news, Technology, Tri-County Public CompaniesAppFolio announced an increase in fourth quarter and full year revenues Feb. 27, decreasing its net losses per share by around a third compared to 2015. The Goleta-based company’s revenues for the quarter ended Dec. 31 grew 37 percent to $28 million, up from $20.4 million during the same period the prior year. Full year Read More →
San Luis Obispo airport adding nonstop service to Denver
Central Coast, Latest news, TourismSan Luis Obispo took another step forward in its quest to become a major tourism and tech hub on Feb. 27 when it announced the inauguration of nonstop service to Denver, beginning in June. The single United Express flight, which arrives in SLO in the evening and departs at the crack of dawn the next Read More →
Central Coast Innovation Awards honorees announced
Latest newsThe Pacific Coast Business Times is pleased to announce this year’s Central Coast Innovation Awards winners. Each honoree is profiled in the B section of the Feb. 24-March 2 issue of the Business Times. Winners will be honored at an awards reception Thursday, March 16 at the Bacara Resort & Spa from 4 p.m. Read More →
LTC Properties reports increase in net income
Earnings, Latest news, Tri-County Public CompaniesWestlake Village-based LTC Properties announced a 15.7 percent increase in net income to $20.6 million, or 53 cents per diluted share, for the quarter ended Dec. 31. Revenues increased from $30.8 million for the fourth quarter of 2015 to $34.8 million for the fourth quarter of 2016, attributed in part to higher investing activities. Interest Read More →
Resonant agrees to sell $7.5 million in stock to Longboard
Latest news, Technology, Tri-County Public CompaniesGoleta-based radio frequency front-end designer Resonant agreed to allow its stockholder Longboard Capital Advisors to purchase $7.5 million worth of stock and stock warrants. Expected to close Feb. 22, each unit in the offering will be sold for $4.61, the average closing price for Resonant common stock between Feb. 3 and Feb. 16. In addition, Read More →
